Top ASX Dividend Stocks Including Beacon Lighting Group
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The Australian market has been experiencing mixed movements, with the ASX200 closing up 0.39% at 8,013 points. While financials and discretionary sectors have shown strength, energy and mining stocks have faced headwinds due to falling commodity prices. In such a dynamic environment, dividend stocks can offer stability and consistent returns for investors seeking income in addition to potential capital appreciation.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Perenti (ASX:PRN) | 8.16% | ★★★★★☆ |
| Collins Foods (ASX:CKF) | 3.64% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 4.38% | ★★★★★☆ |
| Super Retail Group (ASX:SUL) | 6.53% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.88% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.70% | ★★★★★☆ |
| GrainCorp (ASX:GNC) | 6.26% | ★★★★★☆ |
| National Storage REIT (ASX:NSR) | 4.53% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 3.86% | ★★★★★☆ |
| Australian United Investment (ASX:AUI) | 3.46% | ★★★★☆☆ |
Click here to see the full list of 31 stocks from our Top ASX Dividend Stocks screener.
We'll examine a selection from our screener results.
Beacon Lighting Group
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Beacon Lighting Group Limited retails lighting products in Australia and internationally, with a market cap of A$592.04 million.
Operations: Beacon Lighting Group Limited generates revenue of A$324.81 million from selling light fittings, fans, and energy-efficient products.
Dividend Yield: 3%
Beacon Lighting Group's dividend payments are well covered by earnings (59.2% payout ratio) and cash flows (27.1% cash payout ratio), despite a recent decrease in dividends to A$0.038 per share for the six months ended June 30, 2024. The company has an unstable dividend track record over the past decade, with volatility and unreliability noted. Earnings for FY2024 were A$30.1 million, down from A$33.64 million last year, impacting overall dividend sustainability.
Grange Resources
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Grange Resources Limited operates an integrated iron ore mining and pellet production business in Australia and internationally, with a market cap of A$289.33 million.
Operations: Grange Resources Limited generates revenue of A$570.41 million from its ore mining segment.
Dividend Yield: 8%
Grange Resources' dividend payments are well covered by earnings (21.8% payout ratio) and cash flows (11.6% cash payout ratio), with a recent fully franked dividend of A$0.005 per share for the six months ended June 30, 2024. However, dividends have been volatile over the past decade, reflecting an unstable track record. Despite trading at 36.1% below estimated fair value and offering a high yield (8%), recent earnings decline may affect future payouts' sustainability.